Tag Archives:Payments
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Is ACH Crucial To Future Payments Innovation?

Is ACH Crucial To Future Payments Innovation?
I define omnipayments as the ability for merchants to accept payments in a variety of ways under one merchant account. Today, many merchants want to accept payments ubiquitously in multiple ways, leveraging tools whether they be tablets, mobile phones, …
Read more on PYMNTS.com

Digital Commerce & Payments Update

Digital Commerce & Payments Update
The order similarly restricts the bank's activities related to credit card merchant acquiring and ACH merchant payment processing. The order does not prohibit the bank from issuing prepaid cards through existing distribution channels under existing …
Read more on JD Supra (press release)

MyECheck Announces New Agreement to Expand Business with Simplifile
MyECheck's fully electronic check service allows Simplifile to collect payments from customer accounts that cannot be debited by ACH, such as certain escrow accounts and government account. As a result of using MyECheck's technology side by side with …
Read more on Baystreet.ca

Photo gallery: Entertainment July 29
Be sure to include your name, daytime phone number, address, name and phone number of legal next-of-kin, method of payment, and the name of the funeral home/crematory to contact for verification of death. For more information about placing obituaries, …
Read more on Kansas City Star

What is the difference between an automatic draft (for online bill payments) and ACH payments?

Question by Genevie: What is the difference between an automatic draft (for online bill payments) and ACH payments?
I have recently set up a very basic savings account at my mothers credit union and yesterday when I called the credit union to ask if I could set up online payments to come out of this account, the teller told me that this account only accepts ACH payments. What does that mean?

Best answer:

Answer by Go with the flow
She might have meant ACH deposits only.
Like direct deposit from your employer.
All savings accounts I know do not allow debits to pay your bills.
For this, you would need a checking account.

*That’s the difference between a savings account and a checking.
If you could pay bills with a savings account, then there would be no difference between the two accounts.
They would both be called checking accounts.

Give your answer to this question below!

How long does ACH payments take?

Question by Beautiful Girl: How long does ACH payments take?
My boss said he sent the check out thursday but i thought i would see it in my bank account today , but its not there

Best answer:

Answer by Kevin Campana
– Standard funding time is 4 days. ACH Processing is very different from credit cards in this respect. The ACH transaction proceeds as if the customer has the funds in their bank account but the customer bank has to “report” to us the money was actually in the account and that is has officially been transferred. This can take 3 days.

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The Real-Time Payments Revolution

The Real-Time Payments Revolution
In spite of the clear need for a ubiquitous faster payments system in the U.S., in August of 2012, NACHA failed to pass its Expedited Processing and Settlement (EPS) program to change the network rules. This would have expanded same day ACH …
Read more on Banktech

Bank says ZeekRewards settlement key to its survival
TPPP-TX, along with at least 22 Internet payday lenders it had as clients, were able to make authorized and unauthorized debit withdrawals from customer accounts through the ACH (automated clearinghouse) electronic payment network. As a result, the …
Read more on Winston-Salem Journal

Physicians' Rights Regarding Electronic Funds Transfer Focus of CMS Update
Fast forward to a recent CMS administrative simplification e-mail update directed to Medicare participating physicians in which CMS urged physicians to consider receiving EFT payments through the Automated Clearing House (ACH) Network. The ACH …
Read more on AAFP News Now

nProtect Exhibiting at PAYMENTS 2014 in Orlando

nProtect Exhibiting at PAYMENTS 2014 in Orlando
'The PAYMENTS conference is presented by NACHA – The Electronic Payments Association, the recognized leader in payments system education. NACHA manages the development, administration, and governance of the ACH Network, the backbone for …
Read more on DigitalJournal.com

Short Payday Lenders: DOJ/CFPB Out For Blood
Without warning, banks that hold depository, ACH, and operational accounts for payday lenders began telling those clients to take their business elsewhere. Cash America International (CSH), First Cash Financial Services (FCFS), EZCORP (EZPW), DFC …
Read more on Seeking Alpha

Moorestown Residents Can Now Pay Taxes, Utility Bills Online
At this time, e-check and credit card payments are only accepted online, credit cards and e-check payments cannot be made in-person at the Township office. All ACH, e-check and credit card transactions are charged a convenience fee of $ 1.05 per ACH or …
Read more on Patch.com

Q&A: how can accept ACH payments ?

Question by Muhammad Kashif: how can accept ACH payments ?

Best answer:

Answer by Qasim
ACH Processing through National Processing can save you time and money with rates as low as
$ 0.12 FLAT! We can guarantee a lower rate if you are currently processing. Call our specialists today
at 800-720-3323 to learn more about our ACH services.

What do you think? Answer below!

Real-time payments: coming to America?

Real-time payments: coming to America?
Banks are pretty consistent in their defence of the status quo: “ACH in the US is pretty darn effective,” said the payment executive at a major bank in an interview, noting that with ACH, Fedwire, cards and wires, users have a good range of choices. “I …
Read more on Banking Technology

How to stop ach payday loans
Halal food is the best food for your health. However, as a member of UCU? Stay away from this place. If you have a mortgage on your home, payment is due upon registration? If you are having difficulty making payments and want to see which options fit …
Read more on album reviews site

Aptys Solutions Adds Industry Veteran Rose Davis to Senior Management Team
Rockwall, Texas-based Aptys Solutions provides financial institutions with a unified platform to support all methods of payment including image exchange, ACH processing, wire processing, payments archive, Federal Reserve messages, least cost routing, …
Read more on MarketWatch

ACH Payments?

Question by Adam: ACH Payments?
Hello,
I am building a website that allows tenants to pay rent online to landlords. I am operating as a portal I do not want to hold on to any money but want to apply a small fixed fee to each transaction. I am trying to build it right inside of the site. If anyone could point me in the right direction. I found Dwolla but they want each person to leave the website. I am not interested in these pre existing rent sites that charge a high rate.
Thank you
Adam

Best answer:

Answer by falsi fiable
A very bad idea! You should find a merchant processing portal that passes back payment confirmation to your website. Charging tenants a fee is most likely illegal. Why would anyone use your portal?

Add your own answer in the comments!

What is ACH Payments?

Question by kumaran: What is ACH Payments?
ACH payment is one of the latest payment transaction.
For more information
http://www.firstdatacardprocessing.com/check-processing/ach-payment-processing

Best answer:

Answer by SumDude
ACH = Automated Clearing House, where banks trade checks and settle up the debts and transfers of their customers. Used to be with the real paper checks people wrote, but now more electronic. The credit card company just makes an electronic image of your check*, and your bank (through the ACH) gives the money (as an electronic credit) to the cc company, and deducts the balance from your checking account; and your bill to the cc company is settled (paid).

* or totally electronic debits and credits if you pay on line.

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